AI Startup Funding Hit a Record $97 Billion in 2024
VC investors piled into AI megarounds in the US last year.
The xAI website on a laptop computer
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Venture capitalists put $97 billion into artificial intelligence startups in the US last year — a new record in a year of multibillion-dollar megarounds for companies like Elon Musk’s xAI, OpenAI and Anthropic.
The AI-focused deals represent an increasing share of all startup investment, according to new PitchBook data released Tuesday. Almost half of the total $209 billion raised by US startups last year went to AI companies, the research firm said, the highest portion on record.